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Founded Year

2014

Stage

Series E | Alive

Total Raised

$461M

Valuation

$0000 

Last Raised

$165M | 5 yrs ago

About Symphony

Symphony is a technology company that focuses on providing secure and compliant infrastructure for the financial services industry. The company offers a platform where solutions are built or integrated to standardize, automate, and innovate financial services workflows, including chat, voice, web, meetings, and more. Symphony primarily serves the financial services industry. It was founded in 2014 and is based in New York, New York.

Headquarters Location

565 5th Avenue

New York, New York, 10017,

United States

929-262-0020

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ESPs containing Symphony

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Regulatory & Legal Tech

The communication compliance market provides solutions for businesses to ensure regulatory compliance and governance in their communication channels, particularly in the financial industry. These solutions include voice surveillance technology, mobile capture, communication surveillance, trade reconstruction services, and messaging platforms that integrate with popular consumer messaging applicati…

Symphony named as Outperformer among 11 other companies, including Theta Lake, Fiserv, and Thomson Reuters.

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Research containing Symphony

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Symphony in 1 CB Insights research brief, most recently on Oct 19, 2022.

Expert Collections containing Symphony

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Symphony is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,229 items

R

Regtech

1,653 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.

F

Fintech 100

997 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

C

Capital Markets Tech

1,090 items

Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.

C

Conference Exhibitors

5,302 items

F

Fintech

8,122 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

Symphony Patents

Symphony has filed 16 patents.

The 3 most popular patent topics include:

  • cryptography
  • wireless networking
  • cryptographic protocols
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/19/2022

9/12/2023

Grant

Application Date

10/19/2022

Grant Date

9/12/2023

Title

Related Topics

Status

Grant

Latest Symphony News

Why Leadership Development Is The Key To Scaling Culture

Nov 30, 2023

CEO of LEADx and author of Great Leaders Have No Rules. You'll be asked to sign into your Forbes account. Got it Got it! getty Leaders are cultural carriers. Develop them and you can achieve an outsized impact on the day-to-day actions that shape your culture. As Rodolphe Durand and Ioannis Ioannou write in their article for the Harvard Business Review, “In a purpose-driven culture, leaders have a key responsibility: They must clearly communicate and authentically embody the company’s purpose and values.” For a prime example of this ripple effect, I met with the Chief People Officer (CPO) of Symphony Courtney Panik . Symphony is a communications platform for financial services. The company offers features and product solutions such as chat, file sharing, video calls, markets, voice and video data, analytics, and business intelligence. Symphony was actually created by the industry for the industry. All of Symphony’s investors are top banking institutions worldwide who chose to collaborate to create this common platform. They currently have 500 employees. Courtney Panik, CPO of Symphony Panik What Culture Looks Like at Symphony As a ten-year-old company, Symphony is actively shifting from startup mode to scale-up mode. “We spend a lot of time upfront building the foundational blocks that allow us to scale and build upward,” Panik said. Asked how she would describe Symphony culture, Panik shared the most common responses that frequently appeared on the company’s annual engagement survey: “Our employees overwhelmingly describe our culture as inclusive, open, supportive, passionate, and possessing a sense of community.” Panik pointed out that many of these words are also company values. MORE FOR YOU How Symphony Scales Its Culture from Start-up to Scale-up As Symphony made this shift from start-up to scale-up, Panik and her team took a close look at what they needed on a cultural level. “We reviewed how we were structured, how we communicate with each other, and what was needed,” she explained. “We needed to move fast and be flexible. We needed and wanted to be transparent with our employees.” Then, they started to implement formal and informal initiatives to accomplish those needs. Here are a few examples: Communication: Panik and her team ensured that the organizational structure was flat to allow communication to flow. “We have an open-door policy, so everyone from an intern to the most senior person has access to each other, including our chief executive officer (CEO), Brad Levy,” she explained. Transparency: Panik and her team entrust employees firm-wide with important information. “We trust our employees with our financial information, competitive data, and strategy,” Panik said. Community: To foster a sense of community, Panik and her team have spent a lot of time putting together employee resource groups and partnering with community and external organizations. “We partner with Urban Synergy in London, Women in Banking and Finance, Coding Black Females, and more. We set up joint events to provide mentorship, career advancement, and exposure to professional settings. It has become a mutually rewarding relationship and a considerable aspect of culture within Symphony because not only do the participants of these organizations get access, coaching, and this experience, but our employees also get the opportunity to volunteer, share their knowledge, and be a part of the community.” Panik Thinks of People Managers as “Culture Carriers” “People managers are culture carriers. They are driving the majority of the work being performed at Symphony and interacting with more employees at scale and more frequently than more senior leaders,” Panik emphasized. “They really do set the tone.” When it comes to developing leaders, Panik shared what she referred to as her “secret weapon.” “If you're a manager of managers, it’s expected that you co-facilitate with other leaders and managers on development topics. When you see your leader sharing advice, it amplifies the impact and creates a more conducive environment for learning,” she highlighted. “As a small company, we don't have one resource dedicated to learning and development. This area is spread between me and another person. But if we're able to partner with really successful people managers and leaders on these topics, they can help carry some of the load and share their experience and advice. That goes a lot further than human resources (HR) doing it alone.” Panik’s Advice for CPOs: Distribute the Risk Panik’s top piece of advice for a CPO is to “distribute the risk.” She remarked, “If somebody comes to you with a problem, you don't have to solve it alone. Tell your manager, tell the legal department, or talk about it with the leadership team. Bring other people in and solve that challenge with them. In the past, when I had to make a recommendation or come up with a solution, I would toil over it unnecessarily when I could have just sought support a lot earlier and reached a conclusion much faster.”

Symphony Frequently Asked Questions (FAQ)

  • When was Symphony founded?

    Symphony was founded in 2014.

  • Where is Symphony's headquarters?

    Symphony's headquarters is located at 565 5th Avenue, New York.

  • What is Symphony's latest funding round?

    Symphony's latest funding round is Series E.

  • How much did Symphony raise?

    Symphony raised a total of $461M.

  • Who are the investors of Symphony?

    Investors of Symphony include J.P. Morgan Chase, MUFG Innovation Partners, Standard Chartered, Barclays Ventures, CLSA Capital Partners and 23 more.

  • Who are Symphony's competitors?

    Competitors of Symphony include IPC, Q4, LeapXpert, New York Shipping Exchange, Nivaura and 7 more.

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